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Biometrics firm JENETRIC secures second round of financing

German biometrics firm JENETRIC GmbH has secured its second round of financing.

In a statement, the firms’ investors confirmed their continued support.

“The whole team impressed us with their determination, with their performance and with their ambitious plans for the future,” says Karin Rabe, Investment Manager of bm|t. “We are looking forward to accompanying the further development.”

Dr. Franz Schmidt and early-stage investor High-Tech Gründerfonds (HTGF) also stay financially engaged and help push forward the production and global distribution of LIVETOUCH quattro. Dr. Ansgar Kirchheim, Investment Manager at HTGF added, “after the successful FBI certification and the start of production, we are pleased to support the large-scale market entry of JENETRIC.”

The investment raised in the second round of financing will be used to further expand the LIVETOUCH product family to collect additional biometric features.

LIVETOUCH quattro is a fingerprint identification product that is comprised of an optical TFT technology-based transparent image sensor that combines the fingerprint capture area with the user display for instructions and real-time feedback. JENETRIC introduced LIVETOUCH quattro in September as the world’s smallest ID flat scanner.

BiometricUpdate.com had a chance to spend some time with JENETRIC co-founder Dirk Morgeneier at Biometrics 2015 and got a short video demonstration of the LIVETOUCH quattro.

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Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.